Ohio

As you may have heard, Wall Street is not, lets just call it, the most “popular” place these days. This is especially true if you’re currently in or running for office. Gotta give the people what they want and what the people want is, for example, you to very publicly and hurtfully break off your bro-mance with anyone in the upper echelons of the Street, no matter how charming, handsome, and sweet they may be. The fact that he was once a managing director at Lehman Brothers is naturally something that Republican Gubernatorial hopeful John Kasich’s opponents are throwing in his face but it wasn’t until recently that they uncovered a relationship that could ruin his chances. It’s not with a hooker and it’s doesn’t involve a source who identified Kasich servicing a hobo in the men’s room of the Port Authority, though it does involve a Dick. Continue reading »

Somebody is finally doing something about those corrupt, self-serving companies that we all rely on to tell us just how risky this stupid bond is. Ohio is suing the ratings agencies.
With the Feds spitting the bit on regulating an industry that never saw a mortgage-backed security or collateralized debt obligation it didn’t want to give a triple-A rating and that showed the most remarkable propensity for figuring things out right after the credit markets imploded, Richard Cordray, attorney general of the Buckeye State, is following the Andy Cuomo’s lead and attacking Fitch Ratings, Moody’s Investors Service and Standard & Poor’s.

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